Travis Ford, founder of Wolf Capital Crypto Trading, has been sentenced to five years in prison for orchestrating a $9.4 million Ponzi scheme, according to the U.S. Department of Justice. Ford, based in Oklahoma, was also ordered to forfeit over $1 million and pay more than $170,000 in restitution. From early 2023 to August, Ford attracted around 2,800 investors with promises of daily returns of 1-2%. However, he admitted these returns were unsustainable, and funds were misappropriated for personal and accomplice gains, leading to investor losses. Ford pleaded guilty to the charges in January 2025.